Atlas Consolidated Secures USD 18.1 Million Series B Funding led by Tin Men Capital to Accelerate Global Adoption of HugoHub

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The Asia-based Banking-as-a-Service provider aims to significantly accelerate the growth of HugoHub, Atlas’s modular cloud-native digital banking platform

SINGAPORE – Media OutReach Newswire – 27 August 2025 – Atlas Consolidated announced the closure of an USD18.1 million Series B funding round. The round was led by Tin Men Capital and includes follow-on investment from strategic investors, Getz, Inc. and Woodside Holdings Investment Management.

https://www.atlasconsolidated.com/

The issuer is solely responsible for the content of this announcement.

About Atlas Consolidated

Atlas Consolidated Pte Ltd is a Singapore-based financial services company with a dual-pronged strategy centered on its proprietary technology and strategic investments. Our core mission is to build better banks through technology, lowering costs, increasing efficiencies, and broadening access to everybody.

The cornerstone of Atlas’s business is HugoHub, a highly flexible and modular business-to-business (B2B) digital banking platform. Designed as a complete “core-to-customer” banking-as-a-service (BaaS) solution,

HugoHub allows clients to build and manage full digital banks or seamlessly integrate specific modules into their existing systems. A key differentiator is its “no-code Product Factory,” which enables clients to configure and launch new financial products autonomously. The platform also boasts a cloud-agnostic architecture, addressing data sovereignty concerns, and incorporates a unique “Behaviour Engine” and an AI interface to drive customer engagement and provide personalized insights.

HugoHub dramatically reduces the cost and complexity of deploying a new digital bank, cutting ongoing operating expenses by orders of magnitude. The platform’s streamlined technology and operational model can reduce a bank’s annual tech spending by approximately 90% and lower overall operational costs by 75% to 80%. This efficiency is realized by enabling a significantly higher customer-to-staff ratio compared to traditional banking models.

For existing financial institutions, HugoHub offers a strategic alternative to costly and high-risk core replacement projects. Instead, its modular design allows banks to implement gradual technological and operational reforms, modernizing their infrastructure without the disruptive and expensive process of a full-scale system overhaul.

In addition to its technology platform, Atlas Consolidated strategically invests in financial institutions. This includes Hugosave, a “Wealthcare” app in Singapore that serves as a demonstration of HugoHub’s capabilities, and its leading role in the HugoBank consortium in Pakistan, which recently received a digital banking license to promote financial inclusion in the region.

The company is supported by its recent Series B funding round, led by Tin Men Capital, with participation from strategic partners like Getz, Inc. and Woodside Holdings Investment Management. This capital will be used to accelerate the global growth of the HugoHub platform into new markets.




Tin Men Capital

Tin Men Capital is a Southeast Asia venture capital firm licensed by the Monetary Authority of Singapore. It is led by Murli Ravi (formerly at Temasek Holdings and JAFCO) and Jeremy Tan (formerly at Morgan Stanley and Puma Energy).

Tin Men invests in enterprise technology and B2B marketplace startups. Their portfolio companies address opportunities in large, traditional industries. Some examples include manufacturing, logistics, construction, maritime, agriculture and real estate. Portfolio companies include Globaltix, Hubble, Ailytics and Glife.

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